For those who are Ex EY, did you roll your 401k to your new employer after you left the firm? Do we have to roll it? What are some advantage or disadvantages? Thanks. 🙏🏻🙏🏻

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Depends on where you go if you’d be required to move it. Just don’t try to roll it within 60 days of leaving as EY has that as a restriction on the plan and it’d withhold money from you. Fidelity was awesome at explaining it when I just was trying to roll it into my IRA with them and just had to wait another few weeks but wasn’t bad

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I assume you went to industry and not another firm? Advantages could include getting wider array of funds to invest in. May not make much of a difference since EY 401k has pretty good selection. But you may want to take your capital and use it in other funds in the new plan. Also if u ever need to take a loan from your 401k, having your rollover in your new plan could be helpful. You prob don't have to roll. Only disadvantages would be fewer options on the new plan.

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